EdgeConneX Acquisition, Valuation, Funding & Investors

EdgeConneX was acquired by EQT for $2.7B in August 2020.

EdgeConneX acquisition price

$2.7B

Acquired by EQT · Aug 2020

EdgeConneX EBITDA multiple at acquisition

24.0x

EV/EBITDA · Aug 2020

Cumulative funding EdgeConneX raised

$1.1B

across 4 funding rounds

Key investors in EdgeConneX

  • True Ventures
  • Brown Brothers Harriman
  • CPP Investments
  • Sixth Street
  • TDF Ventures
  • Meitav Investment House

EdgeConneX Overview

About EdgeConneX

EdgeConneX is an American data center developer and operator headquartered in Herndon, Virginia, with regional headquarters in Amsterdam and Singapore. Founded in 2009, it built its business on edge data centers and now designs, builds and operates facilities ranging from 40 kilowatts to 500 megawatts or more, from build-to-suit and build-to-density campuses for single customers to multi-tenant sites. Its customers are mainly cloud providers, AI and content companies and network operators, which lease space and power in its facilities. The company has more than 90 data centers built or in development across North America, South America, Europe, the Middle East and Asia Pacific, and runs them on its proprietary EdgeOS data center operating system. EdgeConneX formed AdaniConneX, a joint venture with Adani Enterprises in India, and made a strategic investment in Chinese data center provider Chayora. EQT Infrastructure completed its acquisition of the company from an investor group led by Providence Equity Partners on November 5, 2020, giving it capital for land, power and build-to-suit projects worldwide. Randy Brouckman is chief executive.


Founded

2009

HQ

United StatesHerndon, VA

Status

Acquired

Customer focus

B2B

Revenue model

Leasing & Rental Services

Valuation

$2.7B (acquired Aug 2020)

EdgeConneX Acquisition

EdgeConneX was acquired by EQT for $2.7B on 19 August 2020.

The acquisition price implies a 24.0x EBITDA multiple.

Before the acquisition EdgeConneX had raised $1.1B across 4 funding rounds.

EdgeConneX acquisition details
AcquirerDateTypePriceEV/EBITDA
19 Aug 2020PE buyout$2.7B24.0x

EdgeConneX Funding History

EdgeConneX has raised a total of $1.1B across 4 funding rounds, plus 1 secondary share sale.

EdgeConneX's first fundraising round was a $33M Series C in September 2013. The most recent completed round was a $1B undisclosed-stage round in July 2026.

EdgeConneX funding rounds

EdgeConneX funding rounds
DateStageInvestorsRaisedDeal Summary
Jul 2026Undisclosed stageMigdal Group (lead); More Provident Funds; CPP Investments; Clal Insurance; Meitav Investment House$1BIsraeli institutions invested approximately USD 1,030 million into EdgeConneX, with Clal Insurance Enterprises Holdings contributing USD 100 million as part of the group commitment. The broader investor group also included Migdal Insurance and Financial Holdings, More Investments, and Meitav Investment House, and the capital was described as part of EdgeConneX’s fundraising activity in 2026. The investment reflects continued demand for AI and data center infrastructure, and the reported context is that EdgeConneX has raised about USD 6,000 million since the start of 2026, indicating a large-scale capital-raising period for the company. Clal Insurance’s participation was also described alongside its existing sector exposure, including USD 400 million in direct equity exposure and USD 300 million in debt exposure within the sector. EdgeConneX is a US-based data center provider focused on digital infrastructure. The company’s latest reported funding activity indicates total capital raised of USD 7,460 million over 12 rounds, with the most recent prior round dated September 24, 2024.
Sep 2024SecondarySixth Street-EQT and Sixth Street announced on 24 September 2024 that the EQT Infrastructure IV and EQT Infrastructure V funds had agreed to sell a minority stake in EdgeConneX to funds managed by Sixth Street; the price and the size of the stake were not disclosed. EQT Infrastructure, invested in the company since 2020, remained the largest shareholder after the transaction. EQT described the sale as a strategic milestone that broadened the investor base and added a partner to help the company deliver data centre capacity for AI and large-scale cloud deployments. EdgeConneX is a global developer and operator of data centres focused on energy-efficient designs for hyperscale cloud and AI customers. The company was founded in 2009 and is based in the Washington, DC area. Since 2020 it had more than tripled its built data centre capacity and expanded into Asia, Latin America and new European markets. At the time of the transaction it had a footprint of 80 data centres in operation or under development in more than 50 markets across North America, Europe, Asia-Pacific and South America. Revenue comes from leasing data centre capacity to large cloud and technology customers under long-term contracts.
Dec 2014Undisclosed stageBrown Brothers Harriman; True Ventures$50M-
Jul 2014Undisclosed stageTrue Ventures (lead)$25MEdgeConneX is a global data center provider specializing in edge, hyperscale, and cable landing station facilities for customers worldwide. The company operates purpose-built data centers proximate to users, supporting telecom, cloud, and AI workloads. Founded around 2009, it has grown to 201-500 employees and focuses on high-powered, scalable infrastructure. True Ventures participated in an early funding tranche for EdgeConneX, including a $2.5 million raise in July 2011 from a $10 million offering alongside investors like Comcast Ventures and TDF. The company has since raised substantial capital, totaling over $2.3 billion across later rounds. In more recent developments, EdgeConneX was acquired by EQT Infrastructure IV in November 2020 for $2.7 billion at a 24.0x EBITDA multiple. EQT Infrastructure V later co-invested, supporting expansion to 50 data centers in over 40 markets across North America, Europe, and South America. Funds have fueled new developments, M&A, and growth in AI-supporting gigawatt-scale facilities while prioritizing sustainability in power and water usage.
Sep 2013Series CBrown Brothers Harriman; TDF Ventures$33M-

Who has invested in EdgeConneX?

9 investors have backed EdgeConneX across its funding rounds, including True Ventures, Brown Brothers Harriman, CPP Investments, Sixth Street, TDF Ventures and Meitav Investment House.

Lead investors include Migdal Group and True Ventures.


EdgeConneX Investors

Investors in EdgeConneX by funding rounds participated
InvestorHQRoundsRoleFirst check
Brown Brothers HarrimanUnited StatesNew York City, NY2ParticipantSep 2013
True VenturesUnited StatesSan Francisco, CA2LeadJul 2014
More Provident FundsIsraelIsrael1ParticipantJul 2026
TDF VenturesUnited StatesWashington, DC1ParticipantSep 2013
CPP InvestmentsCanadaToronto1ParticipantJul 2026
Sixth StreetUnited StatesSan Francisco, CA1ParticipantSep 2024
Migdal GroupIsraelIsrael1LeadJul 2026

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Acquisitions by EdgeConneX

EdgeConneX has acquired 3 companies to date.

Last acquisition by EdgeConneX was on August 16th 2021. EdgeConneX acquired Global Data Center for $200M.


Latest Acquisitions by EdgeConneX

Global Data Center
StratITsphere Data Center Solutions
SVColo
Description
Global Data Center was an Israeli colocation and data-center operator founded in 2013 by Moshe Lasman with financial backing from Viola Group. The company operated two secure underground facilities in the Tel Aviv metropolitan area, one in Herzliya Pituach and the other in Petah Tikva. Both sites were designed to the Tier III Uptime standard and provided resilient power, cooling and communications infrastructure. Enterprise customers used the facilities for server hosting, data storage, connectivity, disaster recovery and related managed infrastructure requirements. The business earned recurring service revenue from colocation capacity and associated data-center services rather than selling software. EdgeConneX acquired Global Data Center in 2021 as its entry into the Israeli market. The acquired platform gave EdgeConneX an established local footprint and capacity for further expansion.
StratITsphere Data Center Solutions is a provider of private-labeled, scalable data center platforms tailored for service providers. Based in the Netherlands, the company offers modular infrastructure including rackmount servers, cooling systems, and networking gear deployable in colocation facilities or edge locations across Europe.
SVColo is a colocation data center operator safeguarding enterprise IT infrastructure with secure hosting solutions. Silicon Valley-based, it provides high-density rack space, redundant power systems, advanced cooling, and carrier-neutral connectivity in Tier III facilities, supporting compliance standards for finance, healthcare, and cloud providers.
HQ CountryIsraelUnited StatesUnited States
HQ City
Herzliya
Houston, TX
San Jose, CA
Deal Date16 Aug 20211 Aug 20161 Jun 2015
Valuation$200Mundisclosedundisclosed
EV/Revenue
EV/EBITDA

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EdgeConneX Competitors

EdgeConneX competitors include listed companies like Sinnet Technology and GDS Holdings, and private ones like Selectel, Starcloud, Vultr and Yotta Infrastructure.

Public and private companies comparable to EdgeConneX
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Sinnet TechnologyChinaChinaPublicly listed$1.1B$73M$2.7B3.3x
SelectelRussiaSaint PetersburgPrivate$130M-$2.6B19.7x
StarcloudUnited StatesSeattle, WAPrivate--$2.3B-
VultrUnited StatesWest Palm Beach, FLPrivate$150M-$3.5B23.3x
GDS HoldingsChinaChinaPublicly listed$1.7B$888M$4.3B5.2x
Yotta InfrastructureIndiaMumbaiPrivate--$4.4B-

EdgeConneX Public Comps

EdgeConneX is no longer listed, but its public comps include Sinnet Technology, Ionic Digital, Biprogy, Galaxy Digital, Fujian Star-Net, Fastly, Megaport, Kingsoft Cloud, Time Dotcom and SUNeVision.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Sinnet Technology$1.1B$73M3.1x3.3x46.4x16.6x
Ionic Digital$141M($248M)16.2x-(9.2x)-
Biprogy$2.7B$382M1.0x1.0x7.4x7.0x
Galaxy Digital$60B($177M)0.1x0.2x(45.4x)32.5x
Fujian Star-Net$2.9B$196M1.3x1.0x19.1x10.6x
Fastly$624M($41M)4.2x3.6x(63.5x)18.6x
Megaport$216M$15M12.2x8.0x179.8x23.1x
Kingsoft Cloud$1.4B$416M2.0x1.5x6.8x4.8x

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Common questions about EdgeConneX

When was EdgeConneX founded?EdgeConneX was founded in 2009.
Where is EdgeConneX headquartered?EdgeConneX is headquartered in Herndon, VA, United States.
Is EdgeConneX publicly listed?No, EdgeConneX was acquired by EQT in August 2020.
Who acquired EdgeConneX?EdgeConneX was acquired by EQT in August 2020.
How much was EdgeConneX acquired for?EdgeConneX was acquired for $2.7B in August 2020.
How much funding has EdgeConneX raised?EdgeConneX has raised $1.1B across 4 funding rounds.
What was EdgeConneX's last funding round?EdgeConneX's last funding round was a $1B undisclosed-stage round in July 2026, led by Migdal Group.
Who are EdgeConneX's investors?EdgeConneX's investors include Brown Brothers Harriman, True Ventures, More Provident Funds, TDF Ventures, CPP Investments, Sixth Street, Migdal Group, Clal Insurance and Meitav Investment House.
Which companies are comparable to EdgeConneX?Companies comparable to EdgeConneX include Sinnet Technology, Selectel, Starcloud, Vultr, GDS Holdings and Yotta Infrastructure.
How many companies has EdgeConneX acquired?EdgeConneX has acquired 3 companies, including Global Data Center, StratITsphere Data Center Solutions and SVColo.
What was the largest acquisition by EdgeConneX?The $200M acquisition of Global Data Center in August 2021 is the largest acquisition EdgeConneX has made to date.

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